LABOR MARKET – AUSTRALIA

Employment at record high – 11.8 million Australians employed

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Dec-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 9.2 per cent in November 2015. The number of people in the workforce now totals 12,954,000 (up 297,000 since November 2014), and a record 11,768,000 Australians are employed (up 372,000 since November 2014). Meanwhile, the number of people who are under-employed has risen by 119,000 in the last 12 months to a record 1,350,000 (10.4 per cent of the workforce). The official unemployment rate was 5.9 per cent in October 2015. Roy Morgan Research executive chairman Gary Morgan says that although Prime Minister Malcolm Turnbull has gained popular support amongst Australian electors, the L-NP has not gained majority support among young electors, and the employment situation for students over the next few months is crucial for the Federal Government.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

In October: Real unemployment in Australia is 8.8% (up 0.5% in a month); but down 0.3% from a year ago (9.1%)

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 4-Nov-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 8.8 per cent in October 2015, compared with 9.1 per cent 12 months earlier. The number of people in the workforce now totals 12,663,000 (up 654,000 since October 2014), while the number of people who are under-employed has fallen by 29,000 in the last 12 months to 1,088,000 (8.6 per cent of the workforce). The official unemployment rate was 6.2 per cent in September 2015. Roy Morgan Research executive chairman Gary Morgan says the Federal Government’s main priority must be to eliminate the sizeable "cash economy" in Australia, which will free-up the labour market and have a much bigger impact on increasing productivity and employment growth than a simple increase in the GST.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD, BAKER’S DELIGHT HOLDINGS LIMITED, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, NANDO’S AUSTRALIA PTY LTD, SUBWAY SANDWICHES PTY LTD, AUSTRALIA. FAIR WORK COMMISSION

Don’t trust the jobs data, says ex-chief statistician

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 15-Oct-15

Australian Bureau of Statistics (ABS) veteran Bill McLennan has questioned the validity of the agency’s current methodology for compiling the monthly labour market survey. The ABS changed its methodology in 2014, but McLennan says the labour market data has little value because the old and new systems should have operated in tandem for a while to confirm the accuracy of the new system. The ABS’s David Kalisch is confident that there are no problems with the jobs data produced by the agency.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Australian September real unemployment 8.3% – lowest since May 2012

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Oct-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 8.3 per cent in September 2015, compared with 9.9 per cent 12 months earlier. The number of people in the workforce now totals 12,764,000 (up 540,000 since September 2014), while the number of people who are underemployed has fallen by 79,000 in the last 12 months to 936,000 (7.3 per cent of the workforce). The official unemployment rate was 6.2 per cent in August 2015. Roy Morgan Research executive chairman Gary Morgan says that while it appears that Australia’s employment market is heading in the right direction, it is obviously early days for the new Turnbull Government and the momentum of recent months must be built upon rather than squandered by policy timidity.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD, BAKER’S DELIGHT HOLDINGS LIMITED, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, SUBWAY SANDWICHES PTY LTD, AUSTRALIA. FAIR WORK COMMISSION

Coalition relief as jobless rate reduces

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Original article by Jacob Greber
The Australian Financial Review – Page: 7 : 11-Sep-15

Australia’s unemployment rate fell to 6.2 per cent in August 2015, from 6.3 per cent in July. Figures from the Australian Bureau of Statistics show that employment rose by 17,400 jobs. Justin Fabo, a labour market expert at ANZ Bank, says the employment-to-population ratio rose in August, which suggests that the employment market is improving.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA

Senate split on China trade deal

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 21-Aug-15

The Australian Greens and four crossbench senators voted for a motion demanding the government change or abandon the China Australia Free Trade Agreement. Their opposition to the landmark deal in its present form put it at the mercy of the Australian Labor Party (ALP), which helped defeat the motion. But the ALP, under pressure from the trade unions, is insisting the Federal Government deliver on its promise to put Australian jobs first.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION

Young Australians expect ‘high dollars’

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Original article by Julie-anne Sprague
The Australian Financial Review – Page: 4 : 19-Aug-15

Bannister Downs Dairy MD Sue Daubney believes young Australians have unrealistic expectations about work and salaries. She told a Committee for the Economic Development of Australia luncheon in Perth on 18 August 2015 that the company had to use foreign labour because young Australians did not want to work in agriculture. In her view, Australia’s workforce culture is problematic.

CORPORATES
COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA, BANNISTER DOWNS DAIRY COMPANY

Jobless rate matches 13-year high of 6.3pc

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Original article by Jacob Greber
The Australian Financial Review – Page: 7 : 7-Aug-15

Data from the Australian Bureau of Statistics shows that the nation’s unemployment rate rose from 6.1 per cent to 6.3 per cent in July 2015. However, it is estimated that the economy added 38,500 jobs during the month, compared with economists’ expectations of just 10,000. Treasurer Joe Hockey says this demonstration that the transition from the construction phase of the mining boom is proceeding well, while Ivan Calhoun of National Australia Bank expects interest rates to remain on hold in the near-term.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE TREASURY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA

Australian July real unemployment 8.7% – down for fifth consecutive month

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 3-Aug-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 8.7 per cent in July 2015. The number of people in the workforce now totals 12,673,000 (306,000 since July 2014), while the number of people who are underemployed has fallen by 102,000 in the last 12 months to 977,000 (7.7 per cent of the workforce). The official unemployment rate was 6.0 per cent in July 2015. Roy Morgan Research executive chairman Gary Morgan says the Federal Government must look at the abolition of Sunday and public holiday penalty rates for the tourism and retail industries, as these measures have a detrimental impact on small businesses, which are forced to close on Sundays and public holidays.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Job figures spur speculation the worst is over

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Original article by Jacob Greber
The Australian Financial Review – Page: 8 : 10-Jul-15

New data from the Australian Bureau of Statistics shows that the economy added 120,700 jobs during the first six months of 2015, with an average of 20,000 new jobs created each month. The unemployment rate was six per cent in June, prompting the Reserve Bank to note in its latest monetary policy statement that unemployment has ceased rising. Paul Bloxham of HSBC says the jobs data will make further interest rate cuts less likely in the near-term.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. DEPT OF THE TREASURY